Schools And School Districts Matter When You're Buying A Home. They Also Matter When You're Selling A Home.
Whatever part of the country you might be living in, good schools and good school districts matter to home buyers, especially those with school-aged children. Even home buyers without school-aged children care about the quality of schools because the quality has impact on future resale value.
There's a reason why certain areas of the Charlotte metro region such as Ballantyne, South Charlotte, Waxhaw, Weddington, Marvin, Fort Mill, Tega Cay are in such high demand and can command premium prices for houses... it's the quality of the schools. One of the first requests I typically get from home buyers is to show them property in the best school districts. Many of my home buyers search for real estate by school district, which is one of the key factors, if not the key factor in some cases, in their home-buying decision.
Sell Me A Home In A Mediocre School District... No One Ever Said!
Studies have consistently shown that many home buyers are willing to give up other things in a home in order to be in a top school district. A Realtor.com study showed that one in three buyers said they would settle for a smaller home and give up a bedroom or a garage to be in a top school district. The study also showed that one in five home buyers would pay 6-10% more for a home, and one in ten home buyers said they would pay up to 20% more for a home in a top school district.
When I represent a home seller whose house is in a top school district, that fact is heavily emphasized in my marketing of the home.
And good schools are also important to families who are renting. I have a number of investor clients who buy homes only in top school districts and they never have an issue keeping those homes rented and at a premium price.
The infographic below clearly illustrates just how important the "school factor" is amongst buyers, especially those with children under the age of 18.
Infographic: Benefits Of A Good School District When Buying Or Selling A Home
Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts serving Charlotte area home buyers and sellers for 20+ years.
If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:
School Report Image Credited To: whoradio.iheart.com